The United States government has once again hit its borrowing limit. The government was permitted to borrow only through May 18, after which it can continue to operate without additional borrowing for about four months. Sometime this fall, Congress will have to raise the debt limit to prevent the United States defaulting on outstanding debt. The Republicans are demanding changes to entitlement programs – Social Security and Medicare – as a quid pro quo for their approval to raise the borrowing limit. President Obama has provisionally accepted these changes, if the Republicans agree to new taxes. The President has proposed a number . . .
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"Rothification" of retirement savings in the US- We've been telling audiences about this for 7 months. ow.ly/F84x30g1REQ
About 2 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Big step taken tonight in Senate, passing budget. Begins the process towards tax reform.
About 3 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Budget resolution close, but odds improving. GOP must pass in order to move on tax reform.
About 5 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Healthcare-Potential bi-partisan agreement. Funds CSR subsides for 2 yrs, states get more flexibility. Can it pass? ow.ly/psBa30fWAYM
GOP tax framework calls for the repeal of the estate tax. Inter party disagreements showing, as we predicted. ow.ly/TMIn30fWdX9
About 6 days ago from TheWashingtonUpdate's Twitter via Hootsuite